SAN FRANCISCO (dpa-AFX) - Shares of Cisco Systems (CSCO) have pulled back well off their highs of the session but continue to see notable strength in afternoon trading on Thursday. After reaching a record intraday high, Cisco is currently up by 4.5 percent.
The gain by Cisco comes after the networking giant reported better than expected adjusted second quarter earnings. Cisco also approved a $25 billion increase to its stock repurchase program.
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